Flat Trend RSI Indicator is a useful and popular free Forex indicator for MT4 trading platforms. The indicator is designed to help traders identify flat trends in the market, allowing them to make more informed decisions when entering or exiting trades. The Flat Trend RSI indicator works by analyzing the Relative Strength Index (RSI) of a selected currency pair. The indicator then plots a line on the chart which represents the flat trend of the RSI. When the line is above the RSI, a flat trend is being observed, and when the line is below the RSI, a trend is being observed. This helps traders identify the trend of the currency pair and make more informed decisions when entering or exiting trades. Overall, the Flat Trend RSI indicator is a useful and popular free Forex indicator for MT4 trading platforms. It is easy to use and can be applied to any currency pair.
Flat Trend Rsi
The Flat Trend RSI Indicator is a useful and popular free Forex indicator for MT4. The indicator works by measuring the Relative Strength Index (RSI) of a currency pair and then plotting it on the chart. This allows traders to easily identify the strength of a trend and determine when to enter and exit trades. The Flat Trend RSI Indicator is a great tool for any Forex trader looking to gain an edge in the market. It is easy to use and understand, and can provide traders with valuable insight into the direction of the market.
Downloads - 32
0 People watching this product now!
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.